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(Exact name of registrant as specified in its charter)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

☐ Emerging growth company

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

The following is a brief description of each matter voted upon at YUM! Brands, Inc. (the “Company”) Annual Meeting of Shareholders held on May 18, 2023, as well as the number of votes cast for or against each matter and the number of abstentions and broker non-votes with respect to each matter.

1.The election of the following directors, who will serve until their respective successors are elected and qualified or until their earlier death or resignation:

2.The proposal to ratify the appointment of KPMG LLP as the Company's independent auditor for 2023 was approved based upon the following votes:

3.The proposal to approve, by non-binding advisory vote, the executive compensation of the Company's named executive officers was approved based upon the following votes:

4.Consistent with the recommendation of the Board of Directors of the Company as set forth in the Company’s proxy statement for its 2023 annual meeting and the vote of the shareholders at the Company’s 2023 annual meeting, the Company has adopted a policy to include an advisory shareholder vote on the compensation of executives in its proxy materials every year. This policy will remain in effect until the next shareholder vote on the frequency of shareholder votes on the compensation of executives. The proposal to hold non-binding advisory votes on executive compensation every year was approved, it having received the greatest number of votes cast for one of the three options based upon the following votes:

5.The shareholder proposal regarding issuance of a report on efforts to reduce plastics use was not approved based upon the following votes:

6.The shareholder proposal regarding issuance of an annual report on lobbying was not approved based upon the following votes:

7.The shareholder proposal regarding issuance of a civil rights and nondiscrimination audit report was not voted on because it was not properly presented at the meeting, as neither the shareholder proponent nor their designee was in attendance.

8.The shareholder proposal regarding disclosure of share retention policies for named executive officers through normal retirement age was withdrawn by the proponent and consequently not presented at the annual meeting.

9.The shareholder proposal regarding issuance of a report on paid sick leave was not approved based upon the following votes:

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.